Discover Bank isn’t currently accepting new applications for its checking account: the Cashback Debit account.

The bank’s site is letting you sign up if you’d like to be notified when it will be offered again. While there is no set date for when applications will reopen, a Discover spokesperson says they may reopen in the spring.

Before it was paused, Discover Bank offered a Cashback Debit online checking account that paid 1 percent cash back on up to $3,000 in monthly debit card purchases.

There were no fees, not even for nonsufficient funds (NSF).

It also didn’t require a minimum deposit.

Discover Bank’s app is highly rated on both the Google Play and Apple App stores. Discover is a member of the AllPoint and MoneyPass ATM networks, giving customers access to over 60,000 fee-free ATMs.

Overall, Discover earned 4.3 out of 5 stars in Bankrate’s review of the bank.

Alternatives to Discover Cashback Debit Account

The 1 percent cash back feature of the Discover Cashback Debit online checking account was a significant advantage for this account. Some consumers, however, prefer to reap rewards with credit cards that offer travel rewards or even more than 1 percent cash back.

Another option to consider is an interest-bearing checking account. Play your cards right and you can earn interest on your checking account funds while also reaping rewards on your spending with the right credit card.

Discover isn’t a great fit if you’re looking for a bank that can service your account in person. You may want to consider larger banks with a widespread branch presence such as Bank of America or Wells Fargo. But you will likely pay more fees and not get cash-back options.

Other banking products offered by Discover

Discover Bank offers a savings account, a money market account and 12 terms of CDs. Generally, its accounts are paying a competitive yield.

  • Its savings account doesn’t require a minimum opening deposit.
  • Discover Bank’s money market account pays a slightly higher yield for people who have a balance of $100,000 or more.
  • Discover Bank offers CD terms ranging from three months to 10 years.